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a lease guarantor is someone who signs as to promise that the lease will be abided by and if its not abided by by the lesie the guarantor will be financially liable for example many times businesses that will lease space in shopping centers will be small businesses and the business through its president of the company will or an officer of the company will sign a lease with the shopping center but the shopping center then will also require that the tenant have a guarantor typically the owner of the business who will sign in in an individual capacity so if the corporation thats the Les e is not successful or goes bankrupt or goes out of business the landlord still gets the rent by means of the promise of the owner of the business in the individual capacity
